Dear :
The Massachusetts Department of Revenue (DOR) has released the Community Preservation Trust Fund distribution amounts for each CPA municipality. In accordance with Section 10 of the CPA legislation, DOR annually distributes monies from the fund to cities and towns that have adopted CPA.
All CPA communities will receive a 52.23% match on round one of the trust fund distribution this year. This represents a two-fold increase from last year's 26.83% first round match, largely due to the additional $25 million that was deposited in the CPA trust fund from the state's FY13 budget surplus. Communities that adopted CPA with a full 3% local property tax surcharge will receive additional revenue on rounds two and three.
The Coalition was pleased to lead the six-year legislative effort to obtain the additional funding for CPA, and we're grateful to all the CPA advocates who helped along the way. The $25 million in surplus funds will need to be renewed for next year, so we'll need your help again beginning in January.
Click here for our complete report on
the trust fund distribution, including a link to a spreadsheet showing the distribution amount for each CPA community.
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